Casino Moguls Allowed To Buy Dallas NBA Franchise

December 27, 2023 Business, Sports

The Associate Press reports:

The NBA on Wednesday approved the sale of controlling interest of the Dallas Mavericks from Mark Cuban to the families that run the Las Vegas Sands casino company.

The deal was approved just shy of a month after the families of Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The purchase is in the valuation range of $3.5 billion.

Patrick Dumont, Adelson’s son-in-law and president and chief operating officer of the Las Vegas Sands company, will serve as Mavericks governor. Adelson is the widow of casino magnate Sheldon Adelson.

Read the full article. Perhaps obviously, the main purpose of this is to bring casinos to Texas.

NBA approves sale of Dallas Mavericks to Las Vegas Sands casino companyhttps://t.co/hrMYF6HDK6

— CP24 (@CP24) December 27, 2023